MBIA Correlations

MBI Stock

USD 5.49 0.04 0.72%

The current 90-days correlation between MBIA Inc and ICC Holdings is -0.04 (i.e., Good diversification). The correlation of MBIA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

MBIA Correlation With Market

Significant diversification

The correlation between MBIA Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MBIA Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MBIA Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with MBIA Stock

0.67	AGO	Assured Guaranty	Pair Corr
0.62	JRVR	James River Group	Pair Corr
0.62	C	Citigroup Earnings Call Today	Pair Corr
0.69	BN	Brookfield Corp	Pair Corr
0.68	GS	Goldman Sachs Group	Pair Corr

Moving against MBIA Stock

0.59	TIPT	Tiptree	Pair Corr
0.42	FNF	Fidelity National	Pair Corr
0.74	HG	Hamilton Insurance Group,	Pair Corr
0.65	CB	Chubb	Pair Corr
0.57	EG	Everest Group	Pair Corr
0.37	DB	Deutsche Bank AG Buyout Trend	Pair Corr

Related Correlations Analysis

	AGO	AMSF	ACT	ICCH	MTG	NMIH	ESNT	RDN	JRVR
AGO		-0.15	0.23	-0.14	0.85	0.66	0.72	0.74	0.69	AGO
AMSF	-0.15		0.33	0.11	0.0	0.39	-0.31	0.22	-0.13	AMSF
ACT	0.23	0.33		-0.53	0.58	0.32	0.45	0.66	-0.11	ACT
ICCH	-0.14	0.11	-0.53		-0.3	0.09	-0.33	-0.27	-0.03	ICCH
MTG	0.85	0.0	0.58	-0.3		0.75	0.8	0.93	0.52	MTG
NMIH	0.66	0.39	0.32	0.09	0.75		0.46	0.82	0.42	NMIH
ESNT	0.72	-0.31	0.45	-0.33	0.8	0.46		0.71	0.34	ESNT
RDN	0.74	0.22	0.66	-0.27	0.93	0.82	0.71		0.41	RDN
JRVR	0.69	-0.13	-0.11	-0.03	0.52	0.42	0.34	0.41		JRVR
	AGO	AMSF	ACT	ICCH	MTG	NMIH	ESNT	RDN	JRVR

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RDN	+ 0.93	MTG
MTG	+ 0.85	AGO
RDN	+ 0.82	NMIH
ESNT	+ 0.8	MTG
NMIH	+ 0.75	MTG
RDN	+ 0.74	AGO

High negative correlations

ICCH	- 0.53	ACT
ESNT	- 0.33	ICCH
ESNT	- 0.31	AMSF
MTG	- 0.3	ICCH
RDN	- 0.27	ICCH
AMSF	- 0.15	AGO

Risk-Adjusted Indicators

There is a big difference between MBIA Stock performing well and MBIA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MBIA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AGO	1.13	0.02	0.00	(0.06)	0.00	0.00	2.10	(3.07)	7.84
AMSF	0.88	(0.01)	0.00	(0.13)	0.00	0.00	1.94	(1.72)	5.38
ACT	0.80	0.04	0.00	(0.03)	0.00	0.00	1.52	(2.21)	4.71
ICCH	0.42	0.00	0.15	(0.10)	0.55	(0.58)	1.18	(0.64)	4.57
MTG	1.02	(0.01)	0.00	(0.10)	0.00	0.00	1.80	(2.44)	7.24
NMIH	1.06	(0.02)	0.00	(0.11)	0.00	0.00	2.11	(2.74)	7.42
ESNT	0.95	0.07	0.07	0.01	1.39	(0.89)	1.87	(2.56)	5.90
RDN	1.00	(0.02)	0.00	(0.11)	0.00	0.00	1.91	(2.82)	6.29
JRVR	2.07	(0.20)	0.00	0.16	0.00	0.00	4.31	(3.40)	35.31

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